Humanity's ability to harness energy grows over time. What you want out of finance is maximum velocity. Wealth is essentially
total energy harnessed * velocity
Deflation, debt, and speculation stop real wealth generation because they break this equation, slowing the flow
#Bitcoin limited supply fundamentally relies on the greater fool theory.
Holders buy it, then hope to sell it later on for more than they bought it for. This is extractive. It provides no value to anyone, no work being done.
It assumes earlier work > later work
The perfect money must be both perfectly backed by energy, so it cannot be willed into existence without actual work backing it, but also have no artificial supply cap, which causes nothing but speculation and hoarding.
$BTC can never be money.
#Lightning can't either.
Why? Because money is intended to represent potential energy. If you try and denominate/capture something that is not scarce, that is - work, by something that is artificially limited, you create friction.
Friction = waste
Traditional consensus spends massive resources politely ordering double spend attempts. They need fees to prevent spam and attacks.
Vess sees conflicting tx's for what they are: deliberate, malicious attacks.
So their money is deleted.
Trying to consume an input twice?
Bye bye
I will stand by this:
If a protocol's economic backing relies on centralized authorities and oracles, hosting its movement on a decentralized ledger is pointless.
#Stablecoins are anti-crypto.
#RWAs are anti-crypto.
You're rebuilding the same stock market on redundant rails
It's time for #Crypto nerds to be honest with ourselves. This industry is not what it is supposed to be.
The main things blockchain is used for:
- yield farming
- pump and dump scams
- gambling
- mev
- surveillance
- speculation
- porting fiat (stablecoins)
- HODL (hoarding)
@HocusLocusT@kloakprotocol Absolutely not. I built it, and it worked, but I decided that my original intention for building it could not be fulfilled on Kaspa.
My time is better spent researching and solving issues that cannot be ignored when it comes to blockchain.
PQ is not a second-thought addition
@Radical_Ed_Bad@kloakprotocol The direction it is trending towards and being shilled for is to become a settlement layer for DeFi and stablecoins.
Might as well just use a CBDC at that point.
The only actual purpose of a distributed ledger is for economic sovereignty, not to copy speculative finance
@Radical_Ed_Bad@kloakprotocol But not without making compromises that I ended up not being willing to make. Aggressive pruning forces PQC too far offchain.
Bottom line is, privacy and PQC cannot be an additive afterthought on a network. Kaspa is a fundamentally surveillence friendly protocol.
@Radical_Ed_Bad@kloakprotocol I don't pay for x so I'm not going to spam 20 separate posts of 160 characters to explain my entire line of reasoning to 500 followers.
If you are actually interested in understanding why, I'm happy to discuss further with you.
Obfuscation is absolutely possible on kaspa
what do you get when you combine post-quantum cryptography, privacy, decentralization, PoW, scalability, and remove speculation, extraction, compromise, and vested interests?
you get vess. looking for devs and nerds to expand the ecosystem
we just killed the difficulty adjustment. we killed the ASIC arms race. vess is the first energy utility. you put in the joules, you get the vess. physics over speculation.
stay in tune with the next gen of crypto dev
https://t.co/4VujTN47ov
#Crypto#P2P#Vess
@elonmusk I built that energy currency you wanted.
Quantum proof, instant finality, unlimited throughput, maximum decentralization, zero fees, surveillance-proof, fully unlinkable payments, memory hard STARK minting, with no tradeoffs. Get one of your guys to look.
#vess